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Thursday, May 22, 2025
The decline came after the Indian govt confirmed that the armed forces had carried out strikes on air defence radars and systems in Pakistan.
Shares of Cochin Shipyard closed 1.70 per cent lower at ₹1,457
Analysts attributed the sharp gains in the IT index to a better-than-expected earnings outlook by software companies, as well as hopes of easing trade tensions.
Domestic key equity indices opened lower and remained in the negative territory throughout the session
On the sectoral front, auto, FMCG, and consumption were major gainers. IT, PSU Bank, pharma, metal, realty, infra and commodities were major laggards.
On the sectoral front, all indices were trading in the green. PSU Bank, financial services, metal, realty, energy, private bank, infra and realty were major gainers.
However, there was some recovery seen after the mayhem at the opening bell as buying returned.
CSB bank shares rose by 6.55 percent, ending at ₹342.05.
CSB Bank and Cochin Shipyard also saw a sharp increase, with the stocks gaining by 19.86 percent and 17.65 percent, respectively.
According to exchange data, foreign institutional investors (FIIs) offloaded equities worth Rs 556.56 crore on Thursday, contributing to the market downturn.
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